Flip the Pages tncisold 12,000 annual magazine subscriptions for $44 during December 20k4. These new subscribers will receive monthly bsues, beginning in Janaary 20s s. payable of $6,200. Propare the "Current liabilities" section of the balance sheet for Flip the Pages Inc. on March 31, 20Y5. Do not round intermediate calculations and round your final answers to the nearest dollar. (Assume 360 days in a vear.)